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Silver ripped to all-time highs—but the story beneath is way bigger. In this episode, Joe and Smiddy break down the global physical vs. paper silver disconnect, exploding retail demand, and the rumors of a bank margin call that lit up X.

Then they dig into the spectacular collapse of the Captain Condor strategy:
– The $50M blow-up over Christmas
– How 100K+ contracts got torched in a week
– The danger of martingaling 0DTE trades
– And why ignoring gamma is a fatal mistake

DISCLAIMER: Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. All opinions expressed by anyone on the podcast are solely their own opinion.

Silver Squeeze and the $50M Condor Blow Up (EP. 21)